WiV, the blockchain-based fine wine platform, is excited to announce that we have chosen EY, the global leader in assurance, tax, transaction and advisory services, as a technology provider.
WiV is already offering pre-launch services to producers, merchants, distributors and investors across Europe and has ambitions to move into Asia early in 2019.
WiV, a trading platform for fine wines, has confirmed that it will be ready for launch in mid-2019. It is already offering pre-launch services to producers, merchants, distributors and investors across Europe and has ambitions to move into Asia early in 2019.
Whether you are looking at vintage cars, antiques or fine wines there are three stages to a trade, pre-trade investigation, trade execution and post-trade clearing and settlement. WiV is seeking to make the process of selling and buying fine wine easier throughout the process.
Unlike many other markets, trading in fine wine has stayed firmly locked in the traditional ways of doing things. On the one hand, this works, it protects the wine that’s being traded ensures that there is a consistent paper trial that maintains value.
WiV has made a significant step towards long-term viability by attracting investment from Singapore-based Holland Park Capital. As a result of the move, Holland Park’s founding partner, Frank Holle, has joined WineVault’s board of directors and WineVault has opened an office in Singapore, extending its reach into Asia.
“The ‘Seal of Excellence’ is a quality label awarded to project proposals submitted for funding under Horizon 2020 the EU’s Framework Programme for Research and Innovation.